What Is the Primary Reason That Global Energy Demand Is

question 4

Multiple Choice

What is the primary reason that global energy demand is forecast to increase 40% by 2030?

• A) the United States consumption of energy is predicted to increase dramatically
• B) due to immigration, Europe's consumption of energy will rise
• C) the further industrialization of developing countries
• D) Japan's increased energy usage

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Definitions:

Price Changes

Variations in the cost of goods or services in the market over time.

Ockham's Razor

A principle stating that in explaining a thing, no more assumptions should be made than are necessary.

Irrelevant Detail

Information that does not have a direct impact on the conclusion or outcome of a particular issue or situation.

Ceteris Paribus

A Latin term meaning "all other things being equal," used to isolate the effect of one variable in a economic model.